Journalize the following transactions for the Robe Company of Yorktown and below each entry show all calculations:
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2014 Jan. Sold a truck for $3,600 that cost $12,800 and had accumu- lated amortization of $10,900 A machine costing $4,000 with accumulated amortization of $3,390 was destroyed in a fire. The insurance company settled the claim for $150 Traded in a machine costing $18,500 with $15,750 of accu mulated amortization (which is up to date) for a new machine costing $26,200 with a trade-in allowance of $2,600. The loss is to be recognized Traded in a machine costing $39,500 with $35,700 of accu mulated amortization (amortization is up to date) for a new machine for a cash price of $44,000 and a trade-in allowance 2 Feb. 6 May 9 9 July 10 5 Sept. 12 A truck costing $11,000 and fully amortized was disposed
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ROBE COMPANY GENERAL JOURNAL 2014 Account Titles and Description Post Ref Dr Cr Jan 3 Cash 1 2 5 0 0 ...View the full answer
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College Accounting A Practical Approach
ISBN: 978-0132564441
11th Canadian Edition
Authors: Jeffrey Slater, Brian Zwicker
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